Page 21 - Nexia Cape Town 2018 TG Digital

COMPANIES NORMAL TAXATION

Resident companies (excluding personal service provider)
For years of assessment ending during the following periods: Tax rate
1 April 2005 – 31 March 2008 29%
From 1 April 2008 28%
Non-resident companies/Branch profits
For years of assessment ending during the following periods: Tax rate
1 April 2008 – 31 March 2012 33%
From 1 April 2012 28%

Personal service provider companies
For years of assessment ending during the following periods: Tax rate
1 April 2011 – 31 March 2012 33%
From 1 April 2012 28%

Combined tax rate of resident company (as a percentage)
2017 2018 2019
Taxable income 100�00 100�00 100�00
Less: Normal tax 28�00 28�00 28�00
Available for distribution 72�00 72�00 72�00
Less: Dividend 72�00 72�00 72�00
Less: Dividends tax 10�80 14�40 14�40
Total tax 38�80 42�40 42�40
Combined rate 38�80 42�40 42�40
Note: Assumes all profits are declared as a dividend� Dividends Tax is the liability
of the shareholder, while the normal tax is a company liability�
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